DC Fiscal Policy Institute Inc

Analysis

DC Fiscal Policy Institute Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, DC Fiscal Policy Institute Inc reported income of $3.1m and spending of $2.0m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.1m (+61%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, DC Fiscal Policy Institute Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 74th percentile within DC. Charities of a similar size with the same main cause include Philadelphia Green Capital Corp ($3.1m), Pilipino Workers Center of Southern ($3.1m) and LA Fe Preparatory School Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $201k (10% of expenses). Other salaries and wages came to $962k. It paid $44k in professional fundraising fees. At year end it held assets of $3.4m against liabilities of $177k, net assets of $3.2m. It reported 13 employees.